The European Banking Authority (EBA) has rolled out a detailed set of standards and guidelines under the Markets in Crypto-Assets (MiCA) regulation. This package offers regulatory guidance for asset-referenced tokens (ARTs) and e-money tokens (EMTs) across Europe, covering six areas including stress testing and recovery plans. The EBA has set out guidelines for token issuers, including the need for sufficient financial resources to cover potential risks. The authority has also outlined procedures for issuers to adjust their own funds to 3% of the average reserve of significant assets. Compliance with these new standards is required by July 1, 2026.